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Nifty hits 7800, Sensex up over 100pts; Tata Steel gains 3%

Tata Steel is up 3 percent while ITC, Dr Reddy’s Labs, M&M and Lupin are top gainers in the Sensex. Among the losers are HUL, Coal India, TCS, Infosys and Tata Motors.

12:59

TheNewsInternational Team

The market is making strong moves after the weakness around Diwali. The Sensex is up 134.05 points or 0.5 percent at 25744.58 and the Nifty is up 36.20 points or 0.5 percent at 7798.45. About 1258 shares have advanced, 1149 shares declined, and 136 shares are unchanged.

Tata Steel is up 3 percent while ITC, Dr Reddy’s Labs, M&M and Lupin are top gainers in the Sensex. Among the losers are HUL, Coal India, TCS, Infosys and Tata Motors.

Meanwhile, wholesale prices dropped for a 12th straight month in October, falling an annual 3.81 percent mainly due to easing fuel prices, government data showed on Monday.

The fall was almost in line with the forecast made by economists in a Reuters poll of 3.83 percent. In September, the index fell a provisional 4.54 percent.

The wholesale fuel prices fell 16.32 percent from a year ago in October, while prices of manufactured goods declined 1.67 percent year on year. Food prices in October, however, rose 2.44 percent year-on-year.

12:00

Nifty, Sensex gain strength; Oct WPI inflation at -3.81%

WPI inflation came in at negative 3.81 percent for October against negative 4.54 percent in previous month. October core inflation stood at negative 2 percent against negative 1.93 percent in September.

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11:00

Nifty above 7750, Sensex flat; Infosys down, SBI & ITC gainRead More »

Dr Reddy’s Labs, ICICI Bank,ITC, Bharti Airtel and SBI are top gainers in the Sensex. Among the losers are Infosys, ONGC, Tata Motors, TCS and Bajaj Auto.

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10:00

Sensex, Nifty rebound; SH Kelkar rises 25% on debutRead More »

Shares of Fragrance maker SH Kelkar & Company have opened at Rs 216 on the National Stock Exchange, up 20 percent over its issue price of Rs 180. It touched an intraday high of Rs 225.05, up 25 percent.

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09:15

Sensex, Nifty open lower; Dr Reddy, Tata Steel gainersRead More »

Dr Reddy’s Labs, Tata Steel, GAIL, NTPC and L&T are top gainers.

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